Deputy Head of Central Compliance

Marex

  • London
  • Permanent
  • Full-time
  • 7 days ago
About MarexMarex Group plc is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. It listed on Nasdaq Global Select Market in April 2024. With more than 35 offices in Europe, US and APAC, it has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics.In supporting the Firm in meeting its regulatory obligations, Compliance provides expert advice, oversight and thought leadership in relation to relevant rules and regulations. Compliance is responsible for overseeing the adherence to regulatory requirements and expectations through compliance policies, advisory activity, training, monitoring, surveillance and supporting the firm to implement regulatory change.Central Compliance are responsible for the development and implementation of compliance policies, training, regulatory registrations, exchange returns, complaints handling, conflicts management, regulatory interactions, regulatory developments, audit requests and whistleblowing framework oversight.For more information visitRole SummaryThe Deputy Head of Central Compliance role supports the Head of Central Compliance with both the day-to-day operation as well as the continuous enhancement of the Central Compliance function.The role will oversee and support the following key areas which forms part of the Central Compliance function including directing and guiding staff as required: * Compliance Policy & Procedure Development and Implementation
  • Training
  • Individual Accountability Framework & Registrations
  • Firm Regulatory Registrations & Filings
  • Exchange Returns
  • Complaints Handling
  • Conflicts Management (including PA Dealing)
  • Regulatory Interactions
  • Regulatory Development (including Horizon Scanning
  • Audit Requests
Responsibilities
  • Overseeing the SM&CR framework for the firm's regulated entities including Supporting changes and enhancements to the SMR framework; managing internal SMR compliance policies and procedures; and chairing the quarterly SMCR Forum.
  • Carrying out SM Reviews including assisting SMFs in maintaining and managing regulatory documentation, including Statements of Responsibilities, Fitness & Propriety assessments, SM Handover documentation, etc).
  • Liaising with Compliance Advisory teams, business, and HR to advise on regulatory registrations and learning and development requirements.
  • Preparing and submit regulatory filings and individual and firm applications (i.e. SMF applications, Certification notifications, firm authorisations, variation of permission applications, etc).
  • Tracking and supporting the day-to-day operation and management of Compliance tasks across the Central Compliance team including escalating as appropriate.
  • Overseeing employee compliance policies and training including reviewing and providing challenge and quality control.
  • Supporting regulatory developments and managing responses to emerging trends and changes of regulatory rules.
  • Supporting regulatory responses, audit responses and dealing with client complaints including reviewing and providing challenge as part of quality control.
  • Assisting in identifying enhancement opportunities as well as supporting and delivering on change initiatives to strengthen the overall Compliance Framework.
  • Inputting, as required, into the firm's overall conduct framework and submitting conduct related regulatory returns.
  • Overseeing the maintenance of compliance registers including logging and managing breaches, business events and escalations.
  • Prepare briefing notes, presentations, reports and Management Information (MI) for senior stakeholders.
  • Input into the Whistleblowing Oversight by preparing the Annual Whistleblowing Report and responding to ad-hoc queries relating the Whistleblowing policies and procedures.
  • Supporting the Compliance Function in responding to ad-hoc requests.
Skills and ExperienceMandatory
  • Experience of working within a small to medium sized financial services firm
  • Minimum 10 -15 years'* experience is delivering on projects and programmes, including ‘hands-on' delivery, through end-to-end lifecycle of delivery and transition to BAU
  • Experience of delivering on regulatory compliance change e.g. SMCR, MIFID, Trade Surveillance.
  • Experience with drafting regulatory responses and dealing with senior stakeholders.
  • Excellent interpersonal, communication skills and presentation skills.
  • Experience of working within a UK regulated environment e.g. SMCR, MIFID, MAR
  • Experience of working within a medium sized financial services firm
  • Experience of dealing with various different stakeholders (Front Office, Legal, CoSec, Risk, Front Office, IT, Finance, HR, etc)
  • Experience of supporting the day-to-day operations of a Compliance Function
Desirable:
  • Experience of working in both a brokerage/ trading firm as well as a large financial institution (investment bank, corporate bank, asset manager, etc.)
  • Compliance specific industry certifications including those awarded by the ICA or CISI.
Competencies
  • A collaborative team player, approachable, self-sufficient and influences a positive work environment
  • Demonstrates curiosity and attention to detail
  • Resilient in a challenging, fast-paced environment
  • Ability to take responsibility for own delivery in a fast pace and high-volume environment
  • Excels at building relationships, networking and influencing others
Conduct RulesYou must:
  • Act with integrity
  • Act with due skill, care and diligence
  • Be open and cooperative with the FCA, the PRA and other regulators
  • Pay due regard to the interests of customers and treat them fairly
  • Observe proper standard of market conduct
  • Act to deliver good outcomes for retail customers
Company ValuesActing as a role model for the values of the Company:Respect - Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.Integrity - Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.Collaborative - We work in teams - open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.Developing our People - Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.Adaptable and Nimble - Our size and flexibility is an advantage. We are big enough to support our client's various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.*Applicants outside of this range will also be consideredMarex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.#LI-DG1

Marex